Alexandria Real Estate shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $151 to $126.
Portfolio Pulse from Benzinga Newsdesk
Alexandria Real Estate shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $151 to $126.
July 29, 2024 | 6:04 pm
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NEGATIVE IMPACT
B of A Securities downgraded Alexandria Real Estate from Buy to Neutral and reduced its price target from $151 to $126, causing the shares to trade lower.
The downgrade from Buy to Neutral and the significant reduction in the price target by B of A Securities are likely to negatively impact investor sentiment and lead to a short-term decline in Alexandria Real Estate's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100